Group 1 - M-tron Industries, Inc. will host virtual 1x1 meetings with investors at the Oppenheimer 11 Annual Emerging Growth Conference on February 3, 2026 [1] - The company expresses appreciation for Oppenheimer & Co. Inc.'s support and the opportunity to engage with investors [1] Group 2 - M-tron Industries, Inc. designs, manufactures, and markets high-reliability frequency and spectrum control products and solutions [2] - The company provides comprehensive support throughout the product life cycle, including design, prototyping, production, and upgrades [2] - M-tron has facilities in Orlando, Florida, Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India [2]

Core Insights - M-tron Industries, Inc. successfully completed the exercise of warrants, with 100% of the shares available being issued, generating approximately $27.7 million in gross proceeds for the company [1][5] Group 1: Warrant Exercise Details - The warrants were granted on April 25, 2025, and expired on December 23, 2025, with a total of 582,233 shares of common stock issued [1][5] - The warrants allowed holders to purchase one share of common stock at an exercise price of $47.50, with an over-subscription privilege for those who exercised their warrants in full [3] Group 2: Company Strategy and Financial Impact - The strong participation in the warrant exercise reflects significant shareholder support and confidence in the company's strategy and national security mission [2] - The completion of the warrant dividend program has strengthened the company's balance sheet, providing flexibility for future investments in growth and expansion of its product portfolio [2]

Core Viewpoint - Investors in the Engineering - R and D Services sector should consider M-tron Industries, Inc. (MPTI) and Babcock International Group PLC (BCKIY) for potential value investment opportunities [1] Group 1: Zacks Rank and Analyst Outlook - M-tron Industries, Inc. has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to Babcock International Group PLC, which has a Zacks Rank of 3 (Hold) [3] Group 2: Valuation Metrics - MPTI has a forward P/E ratio of 21.79, while BCKIY has a forward P/E of 22.50, suggesting MPTI may be more attractively priced [5] - MPTI's PEG ratio is 0.78, indicating better value relative to its expected earnings growth compared to BCKIY's PEG ratio of 1.49 [5] - MPTI's P/B ratio is 4.06, significantly lower than BCKIY's P/B of 10.83, further supporting MPTI's valuation attractiveness [6] Group 3: Value Grades - MPTI has a Value grade of B, while BCKIY has a Value grade of C, indicating that MPTI is currently viewed as the superior value option based on earnings outlook and valuation metrics [6]

Core Insights - M-tron Industries, Inc. has been recognized as a Florida Manufacturer Employer of Choice for 2025, highlighting its commitment to creating an outstanding workplace for employees [1][2] - The company achieved its highest revenue in history during the past year, reflecting strong performance and employee dedication [2] Company Overview - M-tron Industries, Inc. specializes in designing, manufacturing, and marketing high-performance radio frequency components and solutions, emphasizing engineering excellence [3] - The company operates design and manufacturing facilities in Orlando, Florida, and Yankton, South Dakota, with additional sales and manufacturing presence in Hong Kong and Noida, India [3] Recognition and Awards - The Employer of Choice Award by FloridaMakes is based on an independent assessment of 39 human-capital metrics, providing a benchmark for job quality and workplace practices [2] - M-tron is one of only ten manufacturers in Florida to receive this award, underscoring its commitment to workforce excellence and employee engagement [2]

Summary of M-tron Industries Conference Call Company Overview - **Company Name**: M-tron Industries (NYSEAM:MPTI) - **Industry**: Aerospace and Defense - **Founded**: 1960s, restructured in mid-2000s - **Stock Performance**: Over 200% appreciation since spinout from LGL in fall 2022 [6][7][9] Core Business and Products - **Focus**: Aerospace and defense, with a significant shift from telecom to defense markets [5][6] - **Product Range**: Primarily filters and oscillators, with expansion into resonators and subsystems [8][11] - **Revenue Breakdown**: Nearly 70% from aerospace and defense, with avionics and industrial markets contributing smaller portions [12] Financial Performance - **Shares Outstanding**: Approximately 3 million, with no debt and strong free cash flow generation [7] - **Revenue Growth**: Expected around 10% for the year, with 30% of revenues from new products developed in the last three to four years [24][25] - **Backlog**: Significant increase, including a recent $20 million order from the largest customer, ensuring two years of guaranteed revenue [25][29][30] Market Dynamics - **Defense Spending**: Anticipated increases in military spending, particularly in missile production and modernization efforts [33] - **European Market**: Growing interest in defense spending among European countries, with M-tron actively engaging with European manufacturers [34] Growth Strategies - **M&A Activity**: Actively pursuing acquisitions to complement existing business, with a focus on companies producing EBITDA in the 8-12 times range [26][36] - **R&D Investment**: Continued investment in research and development to drive innovation and meet customer needs [23] Management and Team - **Leadership**: Experienced management team with a strong background in manufacturing and finance [10] - **Employee Alignment**: High level of employee ownership, fostering alignment with management and shareholders [7] Risks and Forward-Looking Statements - **Forward-Looking Statements**: Acknowledgment of risks and uncertainties that may affect future performance, including market conditions and operational challenges [3][4] Conclusion - **Outlook**: M-tron Industries is well-positioned for growth in the aerospace and defense sectors, with strong financial fundamentals, a robust product portfolio, and strategic plans for expansion through both organic growth and acquisitions [15][16][17]

Core Insights - M-tron Industries, Inc. has received a $20 million order from a top U.S. Department of Defense prime contractor for a major air defense program, marking a significant two-year contract compared to previous twelve-month orders [1][2] Company Overview - M-tron Industries specializes in high-performance radio frequency components and solutions, focusing on performance under extreme conditions [2][4] - The company designs, manufactures, and markets highly engineered frequency and spectrum control products, providing support throughout the product life cycle [4] Contract Details - The contract includes high-performance RF filters and precision clock oscillators, with production expected to continue past 2030 [2][3] - Work under this contract will be conducted in Orlando, Florida, and is set to last through mid-2028 [3] Industry Position - M-tron plays a crucial role in various U.S. and allied defense programs, including precision guided munitions, communication systems, radar, electronic warfare systems, and space platforms [2][4] - The contract underscores M-tron's leadership in delivering custom, high-performance solutions at production scale, reflecting the trust placed in the company by the Department of Defense [3]

Core Points - M-tron Industries, Inc. has extended the expiration date of its warrants to purchase common stock from December 11, 2025, to December 23, 2025 [1] - The terms and conditions of the warrants remain unchanged despite the extension [1] Summary by Sections Warrant Details - The warrants allow holders to purchase one share of common stock for a strike price of $47.50 per share [5] - Holders must submit exercise notices and payments by 5:00 p.m. Eastern Time on December 23, 2025 [2] - An over-subscription privilege is available for warrant holders who fully exercise their warrants [5] Company Overview - M-tron Industries, Inc. designs, manufactures, and markets high-reliability frequency and spectrum control products [4] - The company has facilities in Orlando, Florida, Yankton, South Dakota, and a manufacturing facility in Noida, India, along with a sales office in Hong Kong [4]

Core Insights - M-tron Industries, Inc. (MPTI) and Alfa Laval AB Unsponsored ADR (ALFVY) are being compared as potential undervalued stocks in the Engineering - R and D Services sector [1] - MPTI has a stronger Zacks Rank of 2 (Buy) compared to ALFVY's 3 (Hold), indicating a more favorable earnings estimate revision trend for MPTI [3] Valuation Metrics - MPTI has a forward P/E ratio of 21.79, while ALFVY's forward P/E is 22.69, suggesting MPTI may be more attractively priced [5] - The PEG ratio for MPTI is 0.78, indicating better expected earnings growth relative to its price compared to ALFVY's PEG ratio of 2.67 [5] - MPTI's P/B ratio stands at 4.06, compared to ALFVY's P/B of 4.56, further supporting MPTI's valuation attractiveness [6] Investment Outlook - MPTI is noted for its improving earnings outlook, which enhances its appeal as a value investment option [7] - Based on the analysis of valuation metrics and earnings outlook, MPTI is positioned as the superior value option compared to ALFVY [7]

Core Insights - M-tron Industries, Inc. will present at the Sidoti Year End Virtual Investor Conference on December 10-11, 2025, highlighting its growth in the defense and aerospace sectors [1][2] - The company focuses on precision guided munitions, radar, electronic warfare, airframes, drones/UAVs, and space systems, emphasizing its role in U.S. national security [2] Company Overview - M-tron Industries, Inc. designs and manufactures high-reliability frequency and spectrum control products, providing support throughout the product lifecycle [4] - The company operates design and manufacturing facilities in Orlando, Florida, and Yankton, South Dakota, with additional sales and manufacturing locations in Hong Kong and India [4]

Core Viewpoint - The recommendation for M-tron Industries Inc. (MPTI) has shifted from Hold to Buy due to the underlying quality of the company's performance and fundamentals [1]. Group 1: Analyst Background - The analyst has a background in petroleum and gas engineering and has transitioned into finance, focusing on how businesses grow and market reactions [1]. - The analyst holds FMVA® and BIDA® certifications from the Corporate Finance Institute, indicating a strong foundation in financial analysis [1]. Group 2: Investment Focus - The analyst specializes in technology, infrastructure, and internet services, with a preference for companies that exhibit strong fundamentals and growth potential [1]. - The aim is to share investment ideas and connect with long-term investors, emphasizing the importance of thoughtful analysis over short-term market fluctuations [1].